Chipotle Mexican Grill, Inc. (NYSE:CMG) was upgraded by equities research analysts at Jefferies Group LLC from an “underperform” rating to a “hold” rating in a report released on Wednesday.
A number of other research analysts have also weighed in on CMG. UBS AG reissued a “neutral” rating and set a $410.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, March 29th. Sanford C. Bernstein reissued an “outperform” rating and set a $564.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday. Telsey Advisory Group raised Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and set a $440.00 target price on the stock in a report on Wednesday, July 19th. Cowen and Company reissued a “market perform” rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a report on Friday, July 21st. Finally, Standpoint Research raised Chipotle Mexican Grill from a “sell” rating to an “underperform” rating and set a $420.00 target price on the stock in a report on Tuesday, July 18th. Eight research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Chipotle Mexican Grill presently has an average rating of “Hold” and an average price target of $423.38.
Chipotle Mexican Grill (NYSE CMG) opened at 348.62 on Wednesday. Chipotle Mexican Grill has a one year low of $336.52 and a one year high of $499.00. The firm has a market cap of $9.99 billion, a P/E ratio of 107.83 and a beta of 0.64. The firm’s 50-day moving average price is $419.18 and its 200 day moving average price is $434.34.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.14. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill will post $7.90 EPS for the current year.
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Large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after buying an additional 2,353,372 shares during the period. APG Asset Management N.V. boosted its stake in shares of Chipotle Mexican Grill by 255.5% in the second quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after buying an additional 199,170 shares during the period. Artisan Partners Limited Partnership bought a new position in Chipotle Mexican Grill during the first quarter worth $84,334,000. Wellington Management Group LLP raised its position in Chipotle Mexican Grill by 46.3% in the first quarter. Wellington Management Group LLP now owns 308,697 shares of the restaurant operator’s stock worth $137,530,000 after buying an additional 97,750 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Chipotle Mexican Grill by 99.0% in the first quarter. Renaissance Technologies LLC now owns 165,800 shares of the restaurant operator’s stock worth $73,867,000 after buying an additional 82,500 shares in the last quarter. 95.71% of the stock is owned by hedge funds and other institutional investors.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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